BioLife Solutions Inc (BLFS)

Debt-to-equity ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	4,997	17,561	23,793	6,353	655
Total stockholders’ equity	US$ in thousands	348,909	337,663	364,188	478,047	204,429
Debt-to-equity ratio		0.01	0.05	0.07	0.01	0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,997K ÷ $348,909K
= 0.01

Based on the data provided, BioLife Solutions Inc's debt-to-equity ratio has shown a consistent and relatively low trend over the past five years. The ratio remained at 0.00 in December 31, 2020, increased slightly to 0.01 in December 31, 2021, and then saw a notable uptick to 0.07 in December 31, 2022. However, the ratio decreased to 0.05 in December 31, 2023, and dropped back to 0.01 by December 31, 2024.

Overall, the company's debt-to-equity ratio indicates that BioLife Solutions Inc has been maintaining a conservative capital structure with a low level of debt relative to its equity over the specified period. This implies that the company has been relying more on equity financing rather than debt, which may signify lower financial risk and potentially greater stability for the business.